Clearly inspired by Goldman Sachs’s decision to turn itself into a slaughterhouse this morning, HSBC also performed a round of population restructuring. The firm cut about twenty percent from leveraged finance in both the US and London today.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
I have a feeling things will be better tomorrow.
http://www.youtube.com/watch?v=e0daTVnJmt8
SPODE
The sun’ll come out
Tomorrow
Bet your bottom dollar
That tomorrow
There’ll be sun!
Just thinkin’ about
Tomorrow
Clears away the cobwebs,
And the sorrow
‘Til there’s none!
When I’m stuck a day
That’s gray,
And lonely,
I just stick out my chin
And Grin,
And Say,
Oh
The sun’ll come out
Tomorrow
So ya gotta hang on
‘Til tomorrow
Come what may
Tomorrow!
Tomorrow!
I love ya
Tomorrow!
You’re always
A day
A way!
Is this HSBC’s first round of layoffs?
@3 it’s the 4th round already
wow.. $810 for Bella’s ID card… That’ll feed alot of dogs.
@4: thanks (3 here). Can’t believe, then, that Lev Fin is just now getting their 20% cut.
I’ve noticed a significant decrease in comments today. Does that mean most of the readers were in lev fin?
@7, no the decrease in comments is because everyone is watching the bid on bella’s ID card on ebay
Decrease in comments reflected in actual decent volume today. Monkeys on my floor actually working.
That’s crap, you can get db on bbg; I see no validity to that.
’bout fvckin time lev fin took it in the can. 18 months of pretending to do deals is enough.
What is going on at MS, CS, UBS? not a word from these guys
@ 12, their getting the Griswald christmas bonus wrapped in fat glass of get the hell out and shut the hell up.
@ 12, their getting the Clark Griswold Christmas bonus wrapped in a fat glass of get the hell out and shut the hell up.
http://www.youtube.com/watch?v=YlfV1Q2eSkE
Left this out
Guess Cole and Toscano screwed the pooch
I am hearing that HSBC hired a bunch of LF guys from DB who had 6M Gardening Leave and only started in NYC 2M ago. They all had 1Y deals and as such were let go but paid out their contracts. Merry Xmas for them. Too bad for those who didn’t get let go.
the world needs ditch diggers.
A 20% cut in HSBC Lev Fin team means they are now done to 8 people for their one co-managed deal
@18 noooooonan
more low IQ Wall Streeters on the curb
shame
@17 you must be an admin? it’s called a garden leave. gr8thxbai.
@19 – go easy on the HSBC Lev Fin guys. The HSBC M&A guys are jealous of how busy the HSBC Lev Fin guys are in this environment.
Bess – I got pink slipped today. Let’s do lunch
about fecking time lev fin getting the can. they were the biggest muppets on the street…all the fun for PE firm is in the can too…no more muppet strings to pull !!